NexGel, Inc. (NASDAQ:NXGL) Sees Large Increase in Short Interest

NexGel, Inc. (NASDAQ:NXGL) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 176,789 shares, an increase of 333.8% from the June 15th total of 40,752 shares. Based on an average trading volume of 830,784 shares, the days-to-cover ratio is presently 0.2 days. Currently, 2.5% of the shares of the company are short sold.

NexGel Stock Performance

NASDAQ NXGL traded down $0.05 during trading hours on Monday, hitting $0.47. 208,739 shares of the stock were exchanged, compared to its average volume of 508,638. The company has a market cap of $4.35 million, a price-to-earnings ratio of -1.18 and a beta of 0.76. NexGel has a 12-month low of $0.46 and a 12-month high of $2.89. The stock has a 50-day moving average of $0.56 and a 200 day moving average of $0.92. The company has a quick ratio of 1.02, a current ratio of 1.70 and a debt-to-equity ratio of 0.45.

NexGel (NASDAQ:NXGL) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $2.65 million during the quarter, compared to analysts’ expectations of $3.91 million. NexGel had a negative net margin of 28.54% and a negative return on equity of 64.29%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new stake in NexGel in the third quarter valued at $106,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in shares of NexGel during the 4th quarter worth $52,000. Jane Street Group LLC acquired a new position in shares of NexGel during the 4th quarter worth $47,000. Citadel Advisors LLC purchased a new position in shares of NexGel in the 3rd quarter valued at about $67,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of NexGel in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 2.21% of the company’s stock.

About NexGel

NexGel, Inc (NASDAQ: NXGL) is a development-stage materials science company focused on the research and commercialization of advanced polymer formulations tailored for additive manufacturing and 3D printing applications. Leveraging proprietary expertise in polymer chemistry, NexGel develops high-performance materials designed to meet rigorous mechanical, thermal, and chemical resistance requirements across diverse end markets.

The company’s product pipeline includes custom-engineered resins, powders and elastomeric systems optimized for a range of additive manufacturing processes, including selective laser sintering (SLS), stereolithography (SLA) and fused deposition modeling (FDM).